they said so themselves they were wrong about sony, they thought xbox would eat sony's lunch, and so the CEO was fired for it.they realize they would make more money if they sell on sony. but they they want both console to buy from their crappy titanfall. that gets boring after an hour of playing shooting at AI's

So does Respawn still own the rights to Titanfall or is EA now the IP holder of that franchise?

Respawn owns everything. Their name and IP. If they are not contracted to make another game by EA they can technically pack up and find another publisher---Buddha says He who is in Continuous Hell never dies. Longevity is a big hardship in Continuous Hell

So does Respawn still own the rights to Titanfall or is EA now the IP holder of that franchise?

Respawn owns everything. Their name and IP. If they are not contracted to make another game by EA they can technically pack up and find another publisher

Then how did Titanfall become a MS exclusive?

Microsoft made the deal with EA without consulting Respawn. Vince mentioned in a tweet that it came as a surprise that Titanfall was going to be exclusive.---I have discovered the perfect game. It is called Starbound, and shall be played forever.PSN: Sabram